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O-LevelEconomicsThe allocation of resources2281/12 · May/June 2020 · Q51 Mark

What is a cause of market failure?

Amany firms
Bmonopoly
Cprofit maximisation
Dspecialisation

✓ Correct answer

B: monopoly

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2020 Paper 1 Variant 2, question 5.

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